Affiliate marketing has been around for a long time — essentially, since the beginning of e-commerce.
But this “old school” method of making money online is still going strong because of all the benefits it offers to small-scale, solo internet entrepreneurs. And it’s an especially powerful business model to those without much experience doing business online. Many successful online business owners make their first dollar online with affiliate marketing.
Here are just a few of the many reasons why affiliate marketing is such a popular online business model:
Affiliate marketing is hassle-free — allowing you to focus on marketing, sales, and making money. It’s perfect for beginners. And, because the money-making potential only increases with the more experience you gain, expert-level internet entrepreneurs stay in this game too.
So how does affiliate marketing work?
At a basic level, affiliate marketing is a pretty simple business model.
Getting just a percentage of a sale may not seem like a good way to make money but when you start sending hundreds of customers each week or even sell just a few big ticket items, it quickly adds up to a tidy income. It’s especially sweet when you consider that your startup and operating costs are so low.
As with any online business, success and a steady, high income is possible with affiliate marketing. But it’s not going to happen overnight. It takes consistent work, especially when you’re getting started. But soon, you could have a viable money-making business.
One of the key elements to success with affiliate marketing is picking the right products to promote. They could be digital information products, memberships, physical products, online services… there are many industries that use this model. When promotiing to your target market, you may be promoting one or many of these different types of products as an affiliate.
Why struggle when you can leverage the popularity of established products that customers love. The cool thing is you can also often run an affiliate marketing business in an industry that you have a personal interest in — you can combine passion with profits.
Here are some ways to do your necessary market research.
The more buzz a product or niche has… the better for you. A popular product means more sales.
Some popular niches right now include yoga, natural health, gluten-free, organic, supplements, financial and investment advice, dating, apps, online video games, and more.
Remember, while most inexperienced marketers shy away from markets that are popular and have a lot of competition, successful marketers know that these are the markets you want to focus on because that’s where the money is.
There are many, many affiliate programs out there covering just about any product or service imaginable. But not all of them are created equal. You want to join a trusted program with a reputation for taking care of its partners — and paying them the right amount of their commissions on time.
Any time you find an affiliate network that you think has potential, do a quick search on Google or forums related to affiliate marketing to see what people have to say about them.
Here are some established affiliate partners with good reputations.
jvzoo.com focuses on digital downloadable informational products
Now you have the overall structure for a successful affiliate marketing business, with a step-by-step guide for getting started.
It might seem overwhelming. But if you take it a day at a time, you can do it. Just do one task related to starting your business each day, whether you can dedicate 15 minutes or a few hours. Slowly but surely, you’ll be able to launch your business.